Can I retire at age 57 with 507,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$41,868$41,495$41,131$40,776$40,429$40,073
2 years$20,727$20,341$19,966$19,604$19,252$18,894
3 years$13,680$13,293$12,920$12,560$12,214$11,864
4 years$10,158$9,772$9,402$9,049$8,711$8,372
5 years$8,045$7,661$7,296$6,950$6,622$6,295
6 years$6,637$6,256$5,897$5,558$5,240$4,926
7 years$5,632$5,254$4,900$4,570$4,261$3,960
8 years$4,878$4,503$4,156$3,834$3,535$3,246
9 years$4,292$3,921$3,579$3,265$2,977$2,701
10 years$3,824$3,456$3,121$2,815$2,537$2,273
11 years$3,441$3,077$2,747$2,450$2,182$1,930
12 years$3,122$2,762$2,438$2,149$1,891$1,650
13 years$2,852$2,496$2,178$1,897$1,649$1,420
14 years$2,621$2,268$1,957$1,684$1,445$1,228
15 years$2,421$2,072$1,767$1,502$1,272$1,066
16 years$2,246$1,901$1,602$1,345$1,125$929
17 years$2,092$1,751$1,458$1,208$997$812
18 years$1,955$1,618$1,331$1,089$887$712
19 years$1,833$1,500$1,218$984$790$625
20 years$1,723$1,393$1,118$891$706$550
21 years$1,624$1,298$1,028$809$632$484
22 years$1,534$1,212$948$735$566$428
23 years$1,451$1,133$875$670$508$378
24 years$1,376$1,062$809$611$457$334
25 years$1,307$996$750$558$411$296
26 years$1,243$936$695$510$370$262
27 years$1,185$881$646$467$334$233
28 years$1,130$830$600$428$301$206
29 years$1,079$783$559$392$272$183
30 years$1,032$740$520$360$246$163
31 years$988$699$485$331$222$145
32 years$947$662$453$304$201$129
33 years$908$627$423$279$182$114
34 years$872$594$395$257$165$102
35 years$837$563$369$237$149$91
36 years$805$535$345$218$135$81
37 years$775$508$323$201$122$72
38 years$746$483$303$185$111$64
39 years$719$459$284$171$101$57
40 years$693$437$266$157$91$51
41 years$669$416$249$145$83$45
42 years$645$396$234$134$75$40
43 years$623$377$219$124$68$36
44 years$602$360$206$114$62$32
45 years$582$343$193$105$56$29
46 years$563$327$182$97$51$25
47 years$545$312$171$90$46$23
48 years$528$298$160$83$42$20
49 years$511$285$151$77$38$18
50 years$495$272$142$71$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $507,000, adding $5,949 every year, while hoping to spend $40,041 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 38/46/16 Blend
56$507,000$507,000$507,000$507,000
57$564,850$537,979$530,121$583,385
58$579,862$521,737$505,277$580,974
59$595,062$503,357$478,258$574,092
60$610,429$482,692$448,950$565,801
61$625,935$459,586$417,232$555,996
62$641,551$433,876$382,979$544,563
63$657,239$405,386$346,060$531,381
64$672,961$373,933$306,336$516,323
65$688,670$339,323$263,665$499,252
66$704,313$301,349$217,897$480,022
67$719,833$259,794$168,876$458,478
68$735,161$214,430$116,439$434,454
69$750,223$165,012$60,415$407,773
70$764,934$111,286$627$378,247
71$779,198$52,979$0$345,676
72$792,908$0$0$320,629
73$805,945$0$0$298,067
74$818,175$0$0$301,946
75$829,449$0$0$305,386
76$839,598$0$0$308,314
77$848,438$0$0$310,653
78$855,759$0$0$312,313
79$861,333$0$0$313,196
80$864,901$0$0$313,194
81$866,177$0$0$312,185
82$864,845$0$0$310,036
83$860,553$0$0$306,596
84$852,908$0$0$301,701
85$841,478$0$0$295,168
86$825,782$0$0$286,793
87$805,286$0$0$276,351
88$779,402$0$0$263,594
89$747,474$0$0$248,246
90$708,779$0$0$230,003
91$662,518$0$0$208,526
92$607,803$0$0$183,443
93$543,654$0$0$154,341
94$468,990$0$0$120,765
95$382,610$0$0$82,210
96$283,193$0$0$38,121
97$169,273$0$0$0
98$39,236$0$0$0
99$0$0$0$0
100$0$0$0$0